The Estimation of Activities' Durations Using Some Type of Mathematical

question 96

Multiple Choice

The estimation of activities' durations using some type of mathematical process is called:

• A)mathematical estimating.
• B)psychometric estimating.
• C)econometric estimating.
• D)parametric estimating.

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Definitions:

Cycle-Counting Personnel

Employees responsible for periodically counting inventory items to ensure accuracy without interrupting daily operations.

Inventory Holding Cost

The total cost incurred by holding inventory, including storage, insurance, spoilage, and opportunity costs.

Carrying Costs

Expenses associated with maintaining inventory, including storage, insurance, and opportunity costs.

Cycle Counting

An approach to stock audit where a limited selection of the inventory at a defined site is enumerated on a chosen date.